Jay Z has a new “Ace of Spades” up his sleeve. The Brooklyn, NY mogul just bought the Armand de Brignac champagne brand for an undisclosed amount.

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Jay Z has purchased the luxury champagne brand, Armand de Brignac, which is popularly known as “Ace of Spades.” Liquor and wine company Sovereign Brands announced Wednesday that they sold the brand to a new company headed by Jay. Sovereign Brands didn’t reveal the terms of the deal or the name of Jay’s new company. A bottle of Ace of Spades champagne starts at $300, and some of their products can run as much as one thousand dollars. According to the “New York Post,” Ace of Spades is often served in the luxury suites at Brooklyn’s Barclays Center.

Jay-Z has an estimated net worth of $520 million, according to Forbes magazine, making him the third richest hip-hop star in the world. He has a clothing line, restaurants and a recording label.

Jay is making major moves!  Congrats to the big homie!